HKDAP begins institutional beta access with live minting and redemption

# HKDAP begins institutional beta access with live minting and redemption

> Evidence tier: B1
> Evidence type: Independent technology-media report corroborated by Anchorpoint distributor announcements
> Source: [Tech Times](https://www.techtimes.com/articles/324358/20260813/hong-kong-dollar-stablecoin-hkdap-goes-live-ethereum-institutions-only-now.htm)
> Published: 2026-08-13
> Captured: 2026-08-13T20:40:29.333Z

## Source summary

Tech Times reports that Anchorpoint's regulated Hong Kong dollar stablecoin HKDAP began beta access for eligible institutions and professional investors through authorized distributors HashKey Exchange and OSL. HashKey says it completed the first client minting and redemption with fiat on- and off-ramping; OSL says the initial work will focus on tokenized funds, trade finance and cross-border payments.

## Why it matters

This moves HKDAP from a technical test into restricted real-client distribution and establishes regulated HKD on/off ramps for potential payment and settlement use. Access is still a beta for eligible professional participants: retail availability, transaction volume, corridor coverage, pricing, liquidity and achieved settlement performance are not established.

## Key numbers

- **HKDAP issuer licence:** FRS01
- **Confirmed authorized distributors:** 2 (HashKey Exchange and OSL)
- **Initial access:** eligible institutions and professional investors

## Topics and entities

- Industry lane: Web3 & stablecoin payments
- Entities: Anchorpoint / HashKey Exchange / OSL
- Web3 payments
- Cross-border payments
- Payment infrastructure

## Evidence and credibility note

Independent report corroborated by distribution announcements from HashKey Exchange and OSL. The beta access and first mint/redemption are verified; broader commercial adoption and performance are not established.

Date evidence: Automatically verified from article:published_time: 2026-08-13T14:45:25-04:00

## First-party corroboration

- [https://www.prnewswire.com/apac/news-releases/anchorpoint-and-hashkey-exchange-partner-on-hkdap-beta-access-302849810.html](/en/items/https://www.prnewswire.com/apac/news-releases/anchorpoint-and-hashkey-exchange-partner-on-hkdap-beta-access-302849810.html)
- [https://www.globenewswire.com/news-release/2026/08/12/3343467/0/en/osl-group-among-first-authorised-distributors-for-regulated-hong-kong-dollar-stablecoin-hkdap-via-beta-access.html](/en/items/https://www.globenewswire.com/news-release/2026/08/12/3343467/0/en/osl-group-among-first-authorised-distributors-for-regulated-hong-kong-dollar-stablecoin-hkdap-via-beta-access.html)

## Original-source traceback

[Open the original Tech Times report](https://www.techtimes.com/articles/324358/20260813/hong-kong-dollar-stablecoin-hkdap-goes-live-ethereum-institutions-only-now.htm)

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This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.